British insurer CGNU Plc will take on an additional cost of $200 million in its purchase of CGNU due to amendmen6ts to the sale of its U.S. general business to White Mountains Insurance Group Ltd.
CGNU said in September it was withdrawing from the U.S. property and casualty market with the sale to White Mountains.
The U.S. general business was sold for $2.06 billion plus the cost of repaying an inter-company loan of $1.10 billion.
Topics USA
Was this article valuable?
Here are more articles you may enjoy.
Hands-Free Driving Systems Do Not Improve Safety, NTSB Says 
After ‘Two Clocks’ Workers’ Comp Court Ruling, Will Florida Claims Be Reopened? 
More Insurance M&A Deals on the Horizon? 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
